Calculators
Down Payment Calculator
Results are estimates only. See the disclosure below the results.
Down payment estimator
Explore how a down payment percentage translates to a dollar amount and remaining loan balance.
Down payment
$80,000
Monthly principal & interest: $2,022.62
Estimated APR
6.539% Estimated APR
Estimated APR is provided for informational purposes only. Actual APR may vary based on lender terms, fees, credit profile, and other factors.
Financed portion: $320,000
Total payments: $728,142 · Loan term: 30 years
Estimated APR
6.539%
Interest rate: 6.500%
Prepaid finance charges: $1,295.00
Amount financed: $318,705.00
The Annual Percentage Rate (APR) shown is an illustrative estimate for educational purposes only. It is calculated from the figures you enter and assumes the loan is held to full term with no changes. It is not a quote, offer, commitment to lend, or an advertisement of specific credit terms. Actual APR depends on the final loan amount, interest rate, term, and the finance charges that apply to your transaction, and will be disclosed on your Loan Estimate and Closing Disclosure. Third-party costs that are not finance charges (such as appraisal, title services you shop for, recording fees, taxes, and homeowners insurance) are excluded from APR. Rates, fees, and terms are subject to change and to credit approval; not all applicants will qualify.
How This Calculator Works
How Your Down Payment Changes the Loan
This tool converts a down payment percentage into dollars and shows how much of the price would be financed.
What the inputs mean
Enter the home price and the down payment as a percentage. The calculator shows the cash needed at closing for the down payment and the resulting loan amount and loan-to-value ratio.
How to read the results
A larger down payment lowers the loan amount and may reduce or remove mortgage insurance, but it also uses more of your savings. Estimated APR folds lender fees, discount points, and other prepaid finance charges into a single yearly cost figure, so it is usually a little higher than the note rate. Use it to compare scenarios, not as a quoted rate.
Keep reserves in mind
Closing costs, prepaid items, and a cash cushion after moving in are separate from the down payment. It is worth planning for all three together.